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Microeconomics of Banking

by Xavier Freixas

0262061937 ALL ORDERS SHIP WITHIN 24 HOURS. Tracking is always included. This

[...]

0262061937 ALL ORDERS SHIP WITHIN 24 HOURS. Tracking is always included. This book is in Good overall condition-HAS A BIT OF WRITING HERE AND THERE, REST FINE. This item purchased from a national charitable organization thanks to your purchases we can continue to support them. Buy with confidence over 20, 000 happy customers. All shipping materials 100% recyclable. REUSE-RECYCLE-REBOOK.

Description
Twenty years ago, most banking courses focused on either management or monetary aspects of banking, with no connecting link. Since then, a microeconomic theory of banking has developed, mainly through a switch of emphasis from the modeling of risk to the modeling of imperfect information. This asymmetric information model is based on the assumption that different economic agents possess different pieces of information on relevant economic variables, and that they will use the information for their own profit, The model has been extremely useful in explaining the role of banks in the economy. It has also been useful in pointing out structural weaknesses of the banking sector that may justify government intervention -- for example, exposure to runs and panics, the persistence of rationing in the credit market, and solvency problems.

Microeconomics of Banking provides a guide to the new theory. Topics include why financial intermediaries exist, the industrial organization approach to banking, optimal contracting between lenders and borrowers, the equilibrium of the credit market, macroeconomic consequences of financial imperfections, individual bank runs and systemic risk, risk management inside the banking firm, and batik regulation. Each chapter ends with a derailed problem set and solutions.

0262061937 ALL ORDERS SHIP WITHIN 24 HOURS. Tracking is always included. This

[...]

0262061937 ALL ORDERS SHIP WITHIN 24 HOURS. Tracking is always included. This book is in Good overall condition-HAS A BIT OF WRITING HERE AND THERE, REST FINE. This item purchased from a national charitable organization thanks to your purchases we can continue to support them. Buy with confidence over 20, 000 happy customers. All shipping materials 100% recyclable. REUSE-RECYCLE-REBOOK.